Topic: Indian Government Invites Law Firm to Present Suggestions for Crypto Regulation - page 2. (Read 239 times)
February 01, 2019, 08:31:52 AM
I don't think those stupids will come up with anything positive and pro-crypto.
February 01, 2019, 08:20:34 AM
Reserve Bank Of India (RBI) had too much of miss-conception about the uses and the advantages of the crypto, which was an important part for the country as they looked it into a very fraudulent way which was just because of the political instability in India.
Yes, blockchain and crypto is a very new concept and in places like India with such a huge number of people they find it difficult to adapt to the digital world of currency. But, as the government starts supporting crypto, its use and promote crypto business in the country people there are sure to adjust with it and use it as an tool to modify the corrupt economy in the country.
I hope government of India should some up with some potential law based on crypto and its trading around the nation which will give the economy in India a boost for sure.
Yes, blockchain and crypto is a very new concept and in places like India with such a huge number of people they find it difficult to adapt to the digital world of currency. But, as the government starts supporting crypto, its use and promote crypto business in the country people there are sure to adjust with it and use it as an tool to modify the corrupt economy in the country.
I hope government of India should some up with some potential law based on crypto and its trading around the nation which will give the economy in India a boost for sure.
January 31, 2019, 02:20:34 PM
The Indian government has invited lawyers from Nishith Desai Associates to present their suggestions for the country’s crypto regulation. This is in response to the firm’s submission of a proposed regulatory framework for cryptocurrencies. The suggestions include avoiding prohibition, taking a balanced approach, options for licensing, and self-regulation for the industry.
Details: https://news.bitcoin.com/indian-government-suggestions-cryptocurrency-regulation/
Details: https://news.bitcoin.com/indian-government-suggestions-cryptocurrency-regulation/
It's indeed a good new for the crypto mass of India. Because this company was representing the Internet and Mobile Association of India (IAMAI) in its writ petition against the Reserve Bank of India (RBI) circular which banned banks from providing services to crypto businesses. Sadly that case lost its pace and I don't remember when the last hearing date for the same was given. I hope to hear at least some glance of what the Indian government is thinking about the cryptos on tomorrow's interim budget speech. The final decision may come later but at least we should get some hint.
January 31, 2019, 12:50:48 PM
The Indian government has invited lawyers from Nishith Desai Associates to present their suggestions for the country’s crypto regulation. This is in response to the firm’s submission of a proposed regulatory framework for cryptocurrencies. The suggestions include avoiding prohibition, taking a balanced approach, options for licensing, and self-regulation for the industry.
Details: https://news.bitcoin.com/indian-government-suggestions-cryptocurrency-regulation/
Details: https://news.bitcoin.com/indian-government-suggestions-cryptocurrency-regulation/
if they try to apply western humanitarian and egalitarian goals on this, they will burn themselves off and even if they achieve a solution they will end up with something that still will not be accepted by all.
so they have basically only one option, draw themselves in swastikas (national socialism) or communist logos.
January 31, 2019, 12:46:37 PM
I'm not expecting a totally favorable decision and regulations for bitcoin and cryptocurrency, but I guess a fair one is still beneficial and the way to go.
I am not expecting anything positive either, as long as the current government is ruling who produced another magical figures by having the most unemployment rate in the country in the past forty five years which is incredible in a way who just want to preach about polarization and ruling with divide and rule policy in this present generation which is absurd. I really think that there will be some change after the next elections and i am not sure they will take any decision regarding this in the current year. 
January 31, 2019, 11:12:58 AM
I just hope they come up with a pro-cryptocurrency framework and not stick up to their old standard that seems to be obsolete for this day and age. The RBI's decisions and rulings proved to be detrimental for bitcoin and the general cryptocurrency scene's prosperity, so I guess a law firm with no other hidden agenda whatsoever would be the best (?) ones to consult if they were to allow cryptocurrencies in India. I'm not expecting a totally favorable decision and regulations for bitcoin and cryptocurrency, but I guess a fair one is still beneficial and the way to go.
January 31, 2019, 09:51:19 AM
The Indian government has invited lawyers from Nishith Desai Associates to present their suggestions for the country’s crypto regulation. This is in response to the firm’s submission of a proposed regulatory framework for cryptocurrencies. The suggestions include avoiding prohibition, taking a balanced approach, options for licensing, and self-regulation for the industry.
Details: https://news.bitcoin.com/indian-government-suggestions-cryptocurrency-regulation/
Details: https://news.bitcoin.com/indian-government-suggestions-cryptocurrency-regulation/
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